Bright spots on the horizon for global dairy prices

There are bright spots on the horizon for improved global dairy prices, but farmers around the world are not awash in profitability as margin challenges persist into the year, according to a new report by Rabobank. Milk supply growth continues to struggle – the second half of 2023 saw weaker year-over-year production from the key exporting regions, co-author, Rabobank NZ senior agricultural analyst Emma Higgins says. “A return to production expansion will take time, and we forecast lo